Complete the following questions in the space provided: You are a commercial loans officer at a...
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Complete the following questions in the space provided: You are a commercial loans officer at a major bank. It is November 1, 2020. Christmas Chocolate Shop, located in Regina, has approached you with a request for a loan. The company manager brought in a balance sheet and a listing of income statement account balances. The company's year-end is October 31. Prepare a report for your manager with the following: a. Complete an income statement in proper format. b. Is this a low or high risk loan? c. Provide financial analysis on the balance sheet (ratios) d. Discuss any non-financial factors you may think are important. e. Recommend whether to provide the loan and why? Complete the following questions in the space provided: You are a commercial loans officer at a major bank. It is November 1, 2020. Christmas Chocolate Shop, located in Regina, has approached you with a request for a loan. The company manager brought in a balance sheet and a listing of income statement account balances. The company's year-end is October 31. Prepare a report for your manager with the following: a. Complete an income statement in proper format. b. Is this a low or high risk loan? c. Provide financial analysis on the balance sheet (ratios) d. Discuss any non-financial factors you may think are important. e. Recommend whether to provide the loan and why?
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Answer rating: 100% (QA)
a Income Statement For the Year Ended October 31 2020 Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income b This is a high risk loan ... View the full answer
Related Book For
Integrated Accounting
ISBN: 978-1285462721
8th edition
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
Posted Date:
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